249 Cross Rail Lane
About This Property
Recently updated, the home features custom paint throughout. The main living areas on the first floor have beautiful tile flooring, with laminate wood flooring in the bedrooms, and carpeting upstairs. The backyard, previously a grassy area, now provides a blank canvas with significant upgrade potential for new owners. In winter, enjoy the picturesque green shrub-covered hills and snow-capped mountain scenery. Located in a tranquil, horse-friendly community, this property offers an ideal lifestyle for those seeking elegance and space. Schedule your viewing today to explore the endless possibilities this home offers!
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Cap Rate Calculator
What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Aug 30, 2024 | Sold | ||
| Sold | |||
| Aug 8, 2024 | In contract | - | |
| In contract | |||
| Jul 19, 2024 | Listed by Golden Orange Realty Inc. | $1,380,000 | |
| Listed by Golden Orange Realty Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017